US11250397B2 - System for capture of paper check and process of check payment to third party - Google Patents
System for capture of paper check and process of check payment to third party Download PDFInfo
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- US11250397B2 US11250397B2 US16/700,272 US201916700272A US11250397B2 US 11250397 B2 US11250397 B2 US 11250397B2 US 201916700272 A US201916700272 A US 201916700272A US 11250397 B2 US11250397 B2 US 11250397B2
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- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/02—Payment architectures, schemes or protocols involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/04—Payment circuits
- G06Q20/042—Payment circuits characterized in that the payment protocol involves at least one cheque
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/04—Payment circuits
- G06Q20/042—Payment circuits characterized in that the payment protocol involves at least one cheque
- G06Q20/0425—Payment circuits characterized in that the payment protocol involves at least one cheque the cheque being electronic only
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/08—Payment architectures
- G06Q20/10—Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/30—Payment architectures, schemes or protocols characterised by the use of specific devices or networks
- G06Q20/32—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using wireless devices
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/30—Payment architectures, schemes or protocols characterised by the use of specific devices or networks
- G06Q20/32—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using wireless devices
- G06Q20/322—Aspects of commerce using mobile devices [M-devices]
- G06Q20/3223—Realising banking transactions through M-devices
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/38—Payment protocols; Details thereof
- G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/38—Payment protocols; Details thereof
- G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
- G06Q20/401—Transaction verification
- G06Q20/4014—Identity check for transactions
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q40/02—Banking, e.g. interest calculation or account maintenance
Definitions
- Paper checks enable checking account holders to pay for products and services in a convenient way.
- Electronic payments and mobile payment technologies have replaced paper check payments in part but not completely.
- many parties continue to use paper checks for transactions.
- attempts have been made to improve on the inefficiencies and drawbacks of paper check transactions. What is needed is a system that enables the electronic truncation of a paper check that is then electronically transmitted to the payee for subsequent deposit, and with timely acknowledgment of payment receipt going to both the payer and the payee.
- a system to enable electronic processing of a paper check written from a payer to a payee.
- An image of the paper check is captured using an application on a device controlled by the user along with data about the third party to whom payment is intended.
- the user device transmits the image and data via a software application to the payee bank (or other financial institution).
- the payee bank receives the image and data at a server that builds an image file with the received image(s) and data.
- the images and data can be formatted as an image cash letter (ICL) file such as an intraday or end of day (EOD) biller X9 image file.
- ICL image cash letter
- EOD end of day
- the images can be aggregated and presented to the payee for review in a Remote Deposit Capture (RDC) application for deposit.
- RDC Remote Deposit Capture
- the payee bank ingests and validates conformity of the check images and data.
- the payee bank can send an electronic acknowledgment back to the user device to confirm receipt of the payment by the payee.
- the bank deposits (credits) the accumulated funds into the payee's DDA account at the bank and transmits electronic check information to the Federal Reserve or directly to the payer financial institution for presentment (debit) to the payer.
- an apparatus includes programmed instructions that when executed cause the apparatus to receive, via a communication network at a payee financial institution server, a paper check image and payee information contained within an application at a device associated with a checking account holder; build an image file using the received paper check image and payer information from the application at the device; and transmit payment confirmation to the device associated with the checking account holder.
- an apparatus may be a Remote Deposit Capture (RDC) application that when executed, cause the apparatus to receive, via electronic communication from an application on the user device, a paper check image and payment data to be aggregated and presented for review to the payee.
- RDC Remote Deposit Capture
- the value of the image checks to be credited to the payee Demand Deposit Account (DDA), and subsequently sent for forward presentment though banking channels, to be debited from the payer's checking account at their financial institution.
- DDA payee Demand Deposit Account
- a computerized method includes receiving, via a communication network, a paper check image and payer information captured by an application owned by a payee financial institution, on a device associated with a checking account holder; constructing, by a processor, an image file using the received paper check image and payer information; communicating, from the processor, the built image file to a payee financial institution server; and providing, payment confirmation to the application on the device associated with the checking account holder, within the application, as well as via device alerts and other electronic communications.
- a non-transitory computer readable media with computer-executable instructions embodied thereon that cause a system to perform a process.
- the process includes receiving a paper check image and payer information captured by an application at a device associated with a checking account holder; constructing an image file using the received paper check image and payer information; communicating the built image file to a payee financial institution server; and providing payment confirmation to the device associated with the checking account holder.
- FIG. 1 is an example block diagram of a paper check payment system in accordance with some embodiments of the present disclosure.
- FIG. 2 is an example flow diagram of a paper check payment system in accordance with some embodiments of the present disclosure.
- FIG. 3 is an example graphical user interface for a software application on a smartphone programmed to capture paper check images in accordance with some embodiments of the present disclosure.
- FIG. 4 is an example block diagram of a collections solution workflow, in accordance with some embodiments of the present disclosure.
- FIG. 5 is an example block diagram outlining a process for digital check payment in accordance with some embodiments of the present disclosure.
- FIG. 6 is a diagrammatic representation of a paper check payment system in accordance with some embodiments of the present disclosure.
- FIG. 7 is a diagrammatic representation of a paper check payment system in accordance with some embodiments of the present disclosure.
- FIG. 8 is a diagrammatic representation of a paper check payment system in accordance with some embodiments of the present disclosure.
- FIG. 9 is an example graphical user interface showing confirmation of payment sent using a paper check payment system in accordance with some embodiments of the present disclosure.
- the present disclosure is generally directed to a system that captures a paper check image and identifies bank account information a MICR (magnetic ink character recognition) line of the paper check.
- the paper check image is captured using a camera on a smartphone or similar device, such as a computer tablet.
- the smartphone includes a processor and programmed instructions for a software application enabling the smartphone to present a graphical user interface (GUI) to facilitate the user in paying a bill by paper check.
- GUI graphical user interface
- the software application is specifically programmed for a particular biller, which includes a GUI with branding for the biller.
- the software application communicates the paper check information to the biller's financial institution for deposit of the funds into the biller's account.
- the server of the payee or the server of the software application sends a confirmation message to the smartphone to verify that payment was received.
- the server at the bank's financial institution converts the paper check image to an image cash letter and processes the payment.
- the present disclose describes technical aspects necessary to consummate a payment via truncated paper check instead of a simple check deposit sent via mail, drop box or person present.
- Prior systems have not enabled customers to make payments using paper checks in this manner.
- the present disclosure describes the technical challenges and the technical solutions associated with such a system.
- Technical challenges include: since the adoption of the Check Clearing Act for the 21 st Century (Check 21) on Oct. 3, 2003, the burden has been on banks or the payee/receiver of the paper check instrument to truncate/convert the item to a compliant image check.
- the embodiments described herein gives this capability to the payer, within an application controlled by the payee and payee's financial institution.
- the disclosed system provides the payer with an expedited acknowledgement via push notification to mobile device, as soon quickly as the same day, to their mobile device that their payment has been received by the payee for processing.
- This provides the payer with ‘credit’ from the payee that their payment was made and received, similar to an envelope postmark in the current process for sending check payments.
- This innovation has immense applications in instances of urgent payments. For example, rental payments can be made by check, on the due date, without worry of late payment penalty fees.
- FIG. 1 illustrates an example electronic check payment system 100 that includes a smart phone 110 including the capability to capture an image of a paper check 115 , a communication network 120 that facilitates communications to and from the smartphone 110 , a payee financial institution 130 having an account for a billing entity that receives the funds of the paper check 115 .
- the smart phone 110 includes a processor and memory with programmed instructions to enable the smart phone 110 to capture and process images such as an image of the paper check 115 . After the image of the paper check 115 is captured, an application on the smart phone 110 identifies a banking routing number and checking account number from information on the paper check 115 . Identification of this information can be done using character recognition techniques or the account information can be entered by the payer.
- the dollar amount of the paper check 115 can be input into the smart phone 110 by the user or character recognition techniques can be used to identify the amount written on the paper check 115 .
- the application on the smart phone 110 also receives information about the payment, including associated payment information relevant to the payee. In some embodiments, information about the payee financial institution is stored in the application accessed by the mobile device 110 .
- the smart phone 110 encrypts the transaction information and communicates it to the payee financial institution 130 via the network 120 .
- the network 120 can be a data network such as the Internet or a data network available via cellular technologies.
- FIG. 2 illustrates an exemplary flowchart outlining electronically processing of a paper check in accordance with some embodiments of the present disclosure. Additional, fewer, or different operations may be performed in the method depending on the implementation and arrangement.
- the method 200 includes a smartphone device taking a photo of a paper check ( 210 ), a server at the payee's financial institution confirming payment details upon receipt of the paper check image ( 220 ), the server building an image cash letter (ICL) file ( 230 ), the server crediting the payee DDA account for the check instrument funds ( 240 ), and the server sending payment confirmation to the payer ( 250 ).
- ICL image cash letter
- a first person wanting to send payment to a second person or company captures an image of a paper check with payment details written on it using a smart phone or other such device capable of electronically capturing an image.
- the paper check is captured using a smart phone application or “app” provided by the financial institution where the second person or company has a Demand Deposit Account.
- the smart phone app is a program stored in the memory of the smart phone and is programmed to capture images and transmit the images and associated data to a server of the financial institution.
- the smart phone app requests data entry of the first person including the amount of the check, the name of the second person or company where the payment is going.
- the application on the first person's device verifies that the front and rear of the check image was captured correctly, and that the check MICR information and the values in the Legal Amount and Courtesy Amount sections of the check were successfully and accurately read.
- the server at the financial institution builds an image cash letter (ICL) file for the paper check image.
- the ICL file can be generated by the payee financial institution or, in some embodiments, by the smartphone device.
- the payee's financial institution validates the image(s) and data received in the image file and credits the payee's Demand Deposit Account for the value of the file.
- the server sends a payment confirmation to the payer in the form of an email message, an SMS text message, or other electronic communication.
- the payer receives an acknowledgement of payment, which can be very helpful as proof of the date of payment for certain transactions, such as urgent collections.
- the payee receives notice of payment instantaneously and automatically.
- FIG. 3 illustrates exemplary graphical user interfaces (GUIs) of a smart phone device having programmed instructions to present the GUI to guide the user through a process of capturing a check image to pay an invoice or bill to a biller.
- GUI 310 includes buttons 320 and 330 for a user to select a payment option.
- a GUI 340 presents a view window 350 of a view from a camera of the smart phone device.
- a variety of different GUIs may be presented in a variety of different configurations.
- the programmed instructions stored in the smart phone that enable the presentation of the application for payment of a bill by paper check are executed by a processor (not shown) and stored in a memory (not shown).
- FIG. 4 illustrates an exemplary flowchart outlining payment of rent to a leasing company using a paper check payment system in accordance with some embodiments of the present disclosure. Additional, fewer, or different operations may be performed in the method depending on the implementation and arrangement.
- the method 400 conducted by an electronic check payment system includes communicating payment details to a tenant computing device ( 410 ), receiving an image of a paper check from the tenant computing device ( 420 ), verifying eligibility for RTP (real time payment) ( 430 ), providing remittance data for an image cash letter (ICL) ( 440 ), and making funds available for payment to a leasing company ( 450 ).
- an electronic check payment system e.g. electronic check payment system 100 shown and described with reference to FIG. 1
- the method 400 conducted by an electronic check payment system includes communicating payment details to a tenant computing device ( 410 ), receiving an image of a paper check from the tenant computing device ( 420 ), verifying eligibility for RTP (real time payment) ( 430 ), providing remittance data for
- a leasing company provides a tenant with a software application (“app”) that is set up with a rental unit number and a payment schedule.
- the app can be installed on a smart phone and can provide the tenant with notification that the rent payment is due.
- the app can also include a history of payments made and a schedule of payments due.
- the tenant fills out a paper check and uses the smart phone app to capture an image of the paper check. Alternatively, the tenant can enter routing and account numbers for the tenant's account.
- a computer server having a processor with programmed instructions checks to make sure that the tenant's account is eligible for real time payments and provides that option to the tenant. If the tenant does not want to use real time payments, data from the tenant is used by the server to either arrange payment via ACH or via image check in an operation 440 .
- data about the tenant's payment are made available to the leasing company.
- FIG. 5 illustrates an exemplary flowchart outlining a process for digital check payment in accordance with some embodiments of the present disclosure. Additional, fewer, or different operations may be performed in the method depending on the implementation and arrangement.
- the method 500 conducted by an electronic check payment system includes selection by a checking account holder of a “Pay by Check” option on a smartphone user interface ( 510 ), scanning or image capturing of a completed paper check by a smartphone application ( 520 ), processing the image including the building of an image cash letter file (ICL) for the captured image(s) by a computer ( 530 ), and processing the ICL for presentment ( 540 ).
- an electronic check payment system e.g. electronic check payment system 100 shown and described with reference to FIG. 1
- the method 500 conducted by an electronic check payment system includes selection by a checking account holder of a “Pay by Check” option on a smartphone user interface ( 510 ), scanning or image capturing of a completed paper check by a smartphone application ( 520 ), processing the image including the building
- a checking account holder physically completes a paper check, payable to a payee, and signs.
- the account holder launches a smart phone app configured to capture an image of the completed check and receive payee information from the account holder via a user interface on the smartphone app.
- the check image and data are captured from the physical check using the smartphone.
- the app confirms a compliant image scan of the front and rear of the check, as well as proper capture of the associated payment data.
- the server builds an image cash file (ICL) formatted file, such as an end of day (EOD) biller X9 image file in an operation 530 .
- ICL image cash file
- EOD end of day
- the server confirms receipt of payment to the checking account holder and the ICL is processed for presentment to the Federal Reserve, or direct to the payer financial institution in operation 540 .
- FIGS. 6 and 7 illustrate a representation of a graphical user interface (GUI) 600 for a software application on a device with a camera in which a scan check option is selected.
- the GUI 600 includes a scan check button 610 that engages a capture screen 620 to capture an image from a camera of the device. Once the image is captured, fields 640 , 650 , and 660 for the bank routing number, bank account number, and check amount are populated using information extracted from the check. The user can visually verify that the numbers in fields 640 , 650 , and 660 are correct before clicking the “next” button 630 . Alternatively, the user can manually enter the routing number, bank account number, and check amount into fields 640 , 650 , and 660 .
- FIG. 8 illustrates a representation of a graphical user interface (GUI) 800 for a software application on a device with a camera in which a scan check option is selected.
- the GUI 800 includes a scan check button 810 that engages a capture screen 820 to capture an image from a camera of the device.
- a selection portion 830 is included in the GUI 800 for the user to select an instant transfer or a digital check payment.
- fields 840 , 850 , and 860 for the bank routing number, bank account number, and check amount are populated using information extracted from the check.
- FIG. 9 is a graphical user interface (GUI) 900 showing confirmation of payment sent using a paper check payment system.
- the GUI 900 includes details of the transaction including the account, the amount paid, and a payment transaction identifier.
- the described system and method provide a number of technical advantages over prior systems and method. For example, the described system and method removes paper from the payment work stream while providing a secure transfer of payment information that enables payment of a third party.
- the described system and method also provide a feedback loop to the payer that does not exist in convention paper check systems. The payer receives an acknowledgement of payment that can be used as proof of date of payment. The payee also receives notification of payment once it is entered.
- Real Time Payments RTP, Zelle, Venmo, etc.
- the disclosed system reduces time associated with the transfer of the paper check instrument from the payer to the payee by digitizing the physical item as soon as the payer fills it out. The disclosed system therefore reduces the fraud risk inherent with the paper check payment while being transferred to the payee via mail, drop box or physically handing it over.
- any two components so associated can also be viewed as being “operably connected,” or “operably coupled,” to each other to achieve the desired functionality, and any two components capable of being so associated can also be viewed as being “operably couplable,” to each other to achieve the desired functionality.
- operably couplable include but are not limited to physically mateable and/or physically interacting components and/or wirelessly interactable and/or wirelessly interacting components and/or logically interacting and/or logically interactable components.
- the graphical interfaces described with reference to the Figures provide particular advantages in that images of a paper check can be captured and viewed by the payer before transmission to the payee in a manner that allows the user to verify important information taken from the paper check, including bank routing number, bank account number, and amount paid.
- the process executed by the software application at the user's device complies with paper check requirements while providing digital record of payment and receipt.
- the phrase “A or B” will be understood to include the possibilities of “A” or “B” or “A and B.” Further, unless otherwise noted, the use of the words “approximate,” “about,” “around,” “substantially,” etc., mean plus or minus ten percent.
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Abstract
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Cited By (1)
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US11797954B1 (en) | 2022-04-11 | 2023-10-24 | Bank Of America Corporation | Digital check disbursement using digital chip and distributed ledger methods |
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